Investment

Private Equity , Investment , Unconventional , Shale Plays , Technology

ConocoPhillips, Private Equity See Shale Growth Opportunities

Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.

September 13, 2019

Investment , Crude Oil

Redburn Says Big Oil No Longer A ‘Buy’ As Peak Demand Looms

Redburn, the equity research house, has removed all “buy” ratings from the biggest integrated oil companies, arguing that the industry faces an “existential risk” as long-term forecasts for oil demand are up to 30% too high.

September 13, 2019

Investment , Exploration & Production , Shale Plays , Technology

Rice Brothers Boost Investment In Fracking Software Company

Rice Investment Group, formed by Daniel, Toby and Derek Rice, made its initial investment in the fracking software company Cold Bore in October 2018.

September 12, 2019

Investment

GE Begins Divestment Of Baker Hughes With $2.7 Billion Share Sale

General Electric Co. (GE) on Sept. 11 said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

September 11, 2019

Private Equity , Investment , Liquefied Natural Gas (LNG) , Construction

Freeport LNG Raises $1.025 Billion For Train 4 Expansion

Westbourne Capital will exclusively provide an up to $1.025 billion mezzanine loan in support of Freeport LNG’s proposed fourth natural gas liquefaction train expansion efforts.

September 11, 2019

Investment , Reservoir Evaluation

Production Forecasting: Creating A Better Type Curve

Predicting well economics can be a matter of opinion when it comes to the method of estimating production. This engineer believes greater transparency would benefit users of type curves.

September 11, 2019

Investment , International

Sharp Rise In Number Of Investors Dumping Fossil Fuel Stocks

Climate group 350.org cites the Paris accord as a major driver in discouraging investment.

September 9, 2019

Investment , Acquisitions & Divestitures , Pipelines

Italy’s Snam Seeks Stake In Energy Transfer’s Rover Pipeline

Milan-based gas pipeline operator is working with JPMorgan to move into the US market.

September 9, 2019

Investment , Exploration & Production , Markets

ADNOC CEO: $11 Trillion Investment Needed To Meet Future Global Energy Demand

United Arab Emirates minister of state and ADNOC Group CEO Sultan Ahmed Al Jaber also said that the state oil company was on track to raise its oil production capacity to 4 million barrels per day (MMbbl/d) by 2020 and 5 MMbbl/d by 2030.

September 9, 2019

Investment , Acquisitions & Divestitures

Tudor, Pickering, Holt Unit Spins Out

New firm, Pickering Energy Partners, launches with same investment team and funds.

September 6, 2019